Total Cost of Goods Sold (TOGS) is a vital business metric used to represent the direct costs associated with producing and selling a product or service. It measures the total expenditure required to bring a good or service to market and can be calculated by adding the cost of raw materials, labor, manufacturing overhead, and any other expenses that are incurred in production. Understanding your TOGS helps you control your profit margin and set accurate pricing. So take the time to stay on top of this key figure – it could mean the difference between success or failure for your business.